PROVIDED NOTICE THAT GRENADA RAILROAD, LLC FILED A NOTICE OF EXEMPTION TO LEASE FROM ILLINOIS CENTRAL RAILROAD COMPANY AND TO OPERATE APPROXIMATELY 2.5 MILES OF RAIL LINE BETWEEN MILEPOST 703.8 AND MILEPOST 706.3, IN CANTON, MISS.

Grenada Railroad, LLC (Grenada
Railroad), a Class III rail carrier, has filed a verified notice of exemption
under 49 C.F.R. § 1150.41 to lease from Illinois Central Railroad Company (Illinois
Central),[1]
and to operate approximately 2.5 miles of rail line between milepost 703.8
and milepost 706.3, including but not limited to any sidings, yard tracks, yard
leads or ancillary tracks, switches, signals, crossings, structures, bridges,
together with land upon which said tracks are situated, in Canton, Miss.

Grenada Railroad currently holds
authority to operate within the State of Mississippi pursuant to a 15-year
lease/purchase and operating agreement executed on June 23, 2015.[2]The purpose of this transaction is to facilitate
an agreement between Grenada Railroad and Illinois Central for Grenada Railroad
to provide improved service to Barnett Phillips Lumber Co., a shipper located
in Canton.

Grenada Railroad states that there
are no agreements applicable to the line imposing any interchange commitments.

The transaction may be consummated
on or after March 10, 2016, the effective date of the exemption (30 days after
the verified notice of exemption was filed).

Grenada Railroad certifies that its
projected annual revenues as a result of this transaction will not exceed $5
million or result in the creation of a Class II or Class I rail carrier.

If the verified notice contains
false or misleading information, the exemption is void ab initio.Petitions to revoke the exemption under 49
U.S.C. § 10502(d) may be filed at any time.The filing of a petition to revoke will not automatically stay the
effectiveness of the exemption.Petitions
for stay must be filed no later than March 3, 2016 (at least seven days
before the exemption becomes effective).

An original and 10 copies of all
pleadings, referring to Docket No. FD 35993, must be filed with the
Surface Transportation Board, 395 E Street, S.W., Washington, DC20423-0001. In addition, one copy of each pleading must be
served on John D. Heffner, Strasburger & Price, LLP, 1025 Connecticut Ave.,
N.W., Suite 717, Washington, DC20036.

According to Grenada Railroad, this
action is categorically excluded from environmental review under 49 C.F.R. §
1105.6(c).

Board decisions and notices are
available on our website at "WWW.STB.DOT.GOV."